COLLIERS NEGOTIATES $9.25 MILLION MULTIFAMILY PURCHASE

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RESEDA, CALIF. — Colliers International has handled the $9.25 million notes acquisition of a 51,729-square-foot multifamily property located at 18557 Saticoy St. in Reseda. The 53-unit apartment complex was built in 2008. Colliers International’s Han Widjaja represented the private-investor buyer, Alon Global Saticoy LLC; the seller, China Trust Bank, was unrepresented. Upon completion of the notes sale, Widjaja directed a deed in lieu of foreclosure, which transferred the deed from the borrower to the buyer.

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